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20120928
20121006
Search Results 0 to 8 of about 9 (some duplicates have been removed)
spending, the country ached when they also announced 43 new laws they say will fix the economy, the people shrugged. no one really believes that will work, because spaniards aren't working-- that's the problem-- unemployment is rampant now over 25%. whilst the property crash that started the crisis is still festering. further austerity measures will simply suck more money out of the economy and threaten an even deeper recession. spain is trying to save a total of 40 billion from its budget which will hurt. it won't be as excruciately painful as a new round of cuts in greece. they are trying to save an extra 12 billion from a budget that has already been pared to the bone. no one is spared the pain greece not even the most vulnerable. disabled protestors took to the streets today pleading for their benefits not to be cut further. they can no longer even afford the medicine they need they say. >> sreenivasan: the greek government today came to basic agreement on $15 billion worth of cuts in spending over the next two years. the country needs to make the cuts if it wants to keep receiving bai
the first thing you have to do is let all of the 2001-2003 tax laws sunset. go away. that's a tax increase, most of which the president wouldn't support. then you have to cut by $5 trillion. so compared to where we are now it's a much smaller reduction in tax revenue which makes it easier to fill the revenue hole and we have five studies, one from martin feldstein, one from the tax foundation, one from the american enterprise institute, we have studies that show there are plans that meet the governor's goal, cut rates 20% across the board, don't lose revenue and make sure the rich pay their fair share of taxes so it can be done. >> brown: but as to filling the hole that we're talking about" those studies -- >> they fill the hole. >> brown: but it depends on where you're at in terms of your income. >> so i think the key is there are tax plans that can fill that hole. jared can write a tax plan that fills that hole and raises taxes and those are the one it is democrats are referring to. >> brown: go ahead. >> first of all, some of what doug just said confused me even more about this because
Search Results 0 to 8 of about 9 (some duplicates have been removed)

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